Guide to Naming a Limited Company

Naming a limited company is a keystone into achieving the business' success. This is one difficult step for a prospective entrepreneur planning to set up a business in Thailand. This involves necessary requisites so as to successfully complete the company registration. Prospective entrepreneur needs a creative and business knowledge to acquire the best option possible.

 

According to a marketing officer from the University of Alberta, "Companies have spent millions of dollars choosing their brands and their brand names and they've been picked explicitly to have an influence on consumer". This reminds potential business people who would like to venture into the trading industry.

 

There are necessary steps to consider when setting up a limited company in Thailand. Creativity and business knowledge is needed in order to successfully complete the registration. According to a study published in the Journal of Marketing, business names have direct effect into the consumers' perception and buying behavior. An entrepreneur must plan out well his strategy so as to achieve positive end results. Some ideas which might be helpful for you in doing business are as follows.

 

1) Conducting a focus group discussion

This market strategy is essential most especially when gathering feedbacks and a variety of opinions from the group.

 

2) Unlocking Creative Potential

Creative potential must be unlocked through using an effective company name. Entrepreneurs must focus on the objectives of the business and make use of these as guide for the naming activity.

 

3) Simplicity, Clarity and Legibility

Business name must be simple and catchy as possible. A prospective entrepreneur must keep in mind that paper works go to many different processes. Thus, it's advantageous to create a simple and easy to translate business name for convenience.

 

4) Name Availability

Availability of a company name can be easily checked at the Commercial Registration Department under the Ministry of Commerce. Services are available online via the Department of Business Development's website www.dbd.go.th. Information which can be possibly retrieved includes the company's name, date of registration, registration number and registration address. Online reservation of the company's name can be done once the search is completed. Then one can continue doing other compulsory processes for the company registration in Thailand.

 

These are the essential steps when for naming a limited company which is also significant when doing a company registration in Thailand. If you would like to acquire more information about company registration in Thailand, please visit www.tilalegal.com